Creating Shareholder Value by Alfred Rappaport – In this substantially revised and updated edition of his business classic, Creating Shareholder Value. only reliable measure, is whether it creates economic value for shareholders. of his business classic, Creating Shareholder Value, Alfred Rappaport. VBM Thought Leader: Alfred Rappaport. Creating Shareholder Value. The New Standard for Business Performance. Alfred Rappaport About Alfred Rappaport.

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The insights on acquisitions and the work on performance measurements are very important for fast-growing companies.

No eBook available Amazon. They have much deeper and much more important stakes in our company than our shareholders. On the other hand, providing customer satisfaction does not automatically translate into shareholder value. Steve McBride rated it it was ok Aug 25, Creating Shareholder Value Hardcover Return to Book Page. I believe that the better solution lies in offering employees meaningful incentives for calue value.

If the company invests in a risky project, stockholders can always balance this risk against other risks in their presumably diversified portfolios.

BayKay rated it really liked it Sep 06, Account Options Sign in. Capitalism is not en vogue in Columbia Business School Publishing, The steady improvement in workplace safety over the years is more reasonably explained by the employer’s strong economic incentives to avoid accidents. John rated it really liked it Mar 01, Further, Rappaport presents provocative new sshareholder on shareholder value vslue to: If shareholder value management had been implemented earlier, the level of downsizing in the s would have been considerably less.

After a decade of downsizings frequently blamed on shareholder value decision making, this book presents a new and indepth assessment of the rationale for shareholder value.


And third, divisional and business unit performance cannot be directly linked to stock price. Rappaport does a phenomenal job of bridging the gap between shareholder value theory and practice. Millions of employees have an indirect stake in stock performance by their participation in defined-benefit pension plans sponsored by their employers. A positive “value gap” was an invitation to well-financed corporate raiders to bid for the company and replace incumbent management.

Employees seek competitive wages and benefits. None of alfree have the democratic freedom as shareholders do to buy or sell their shares.

Rappaport points to the shareholdeer aspects of the proprietorship that comes with owning something and to the efficiency aspects of optimized capital allocation and how the model benefits the broad masses through both their pensions and higher economic growth — in essence this is how the world rose from the middle ages. By clicking ‘Sign me up’ I acknowledge that I have read and agree to the privacy policy and terms of use. Corporate management, however, has neither the political legitimacy nor the expertise to decide what is in the social interest.

And it is at the divisional and business unit levels that most resource allocation decisions are made in decentralized organizations. This book is not yet featured on Listopia. This view recognizes that to continue to serve all stakeholders, companies must be competitive if they are to survive.

Creating Shareholder Value: A Guide For Managers And Investors – Alfred Rappaport – Google Books

rrappaport The increasing number of executive vlue firms and the length of the “Who’s News” sharebolder in the Wall Street Journal are evidence that the managerial labor market is very active. There are no discussion topics on this book yet. In too many cases, however, current layoffs are the byproduct of incumbent or prior management’s failure to pursue shareholder value strategies in earlier years.


Readers will be particularly interested in Rappaport’s answers to three management performance evaluation questions: In contrast to the significant restructuring undertaken in the United States, overstaffed companies in Japan and Germany are just beginning to acknowledge that global competition will compel them to do the same.

Simply said, I will help grow the pie if you give me my fair share. Second, shareholder returns may be materially influenced by what management believes to be unduly optimistic or pessimistic market expectations at the beginning or end of the performance measurement period.

VBM Thought Leader: Alfred Rappaport

shareholdrr But stakeholders must perceive the value-sharing process to be fair before they can be expected to maximize their commitment to a company. Books by Alfred Rappaport. In other parts of the world, such as the European continent, there is increasing political tension between the shareholder value business practices required in a competitive global market and the long-standing tradition of social welfare.

The recent acquisition of Duracell International by Gillette is analyzed in detail, enabling the reader to understand the critical information needed when assessing the risks and rewards of a merger from both sides of the negotiating table. Further, Rappaport presents provocative new insights on shareholder value applications to: